Quick valuation of property

One of the ways to estimate the value of a property is to consider some key factors that affect its market price. These factors include:

– The size of the land: Larger plots of land tend to have a higher value than smaller ones, especially in urban areas where space is scarce.
– The distance from the tarmac road: Properties that are closer to the main roads have better access to transportation, utilities and other amenities, which increases their value. Conversely, properties that are far from the tarmac road may face challenges such as poor infrastructure, noise and pollution, which lowers their value.
– The neighborhood: The quality and reputation of the surrounding area can have a significant impact on the value of a property. Properties that are located in well-developed, secure and attractive neighborhoods tend to have higher value than those in underdeveloped, unsafe or unappealing neighborhoods.
– The materials used: The type and quality of the materials used in the construction and finishing of a property can also affect its value. Properties that are built and furnished with durable, high-quality and aesthetically pleasing materials tend to have higher value than those that are made with cheap, low-quality and unattractive materials. Some of the materials that can be easily observed include tiles, window grills and roofing iron sheets.

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